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BR
Question Practice

How do you treat an error in the cash book that is discovered during bank reconciliation?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Bank Reconciliation Statement
Question Bank

How do you treat an error in t...

Single Answer MCQ
Q-00106885

How do you treat an error in the cash book that is discovered during bank reconciliation?

1

Ignore the error.

2

Adjust the cash book accordingly.

3

Reissue the bank statement.

4

Contact the bank for rectification.

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Q1.

What does the bank reconciliation statement help to identify?

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Q2.

What should be added to the cash book balance to update it during reconciliation?

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Q3.

If a bank has directly credited an account with interest, how should this be handled in the cash book?

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Q4.

When cheques issued by a company are not presented for payment by the payee, what adjustments are made in the bank reconciliation statement?

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